Financial Engines

www.financialengines.com
Employer Engaged

Financial Engines Reviews

Updated February 26, 2015
Updated February 26, 2015
52 Reviews
3.3
52 Reviews
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Financial Engines President & CEO Larry M. Raffone
Larry M. Raffone
1 Rating

Review Highlights

Pros
  • Great workspace, free snacks and drinks and great work life balance with lots of perks (in 6 reviews)

  • It feels good to build useful applications that help people plan their retirement (in 6 reviews)


Cons
  • Not allot of internal career growth opportunities (in 4 reviews)

  • Executive management and mid-level managers continue to lie to the average employee creating a false sense of career advancement (in 4 reviews)

More Highlights

Employee Reviews

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  1. 1 person found this helpful  

    A great company that will only get better

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Financial Engines full-time (more than 8 years)

    Pros

    The company is comprixed of employees who share and believe strongly in the company vision that everyone deserves personalized retirement help, regardless of level, wealth, occupation, etc. The people at FE are smart, hardworking, and want to make a difference for participants. While the company is growing quickly, and we don't have all the answers, we are all trying hard to find them. We care and we want to make the company a success for our sponsors, partners, participants, and each other.

    Cons

    We're growing and changing and not everyone likes that or can operate in such an environment. There are bumps and frustrations but there are also high points and great work, camaraderie, innovations, flexiblity, self-satisfation, and more.

    Recommends
    Positive Outlook
    Approves of CEO
  2. 2 people found this helpful  

    Toxic office of the General Counsel

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Financial Engines

    Pros

    The Sunnyvale office is a great work environment-sunny and open work spaces with many employee meeting areas. I had a good interview experience and new hire orientation was really inspiring. Free food and drinks and great office location -near the light rail -in the silicon valley. I was looking forward to brining my new ideas to the company.

    Cons

    When you join FNGN-they tell you they want your new ideas and want change in the organization. However, you learn very quickly that any new ideas or suggestions to change processes are delayed or die once the General Counsel has to review them-and it appears that she has to review and approve everything. There are MANY steps to implementing any new ideas and the GC has veto power at every step-you will hear about how the industry is regulated and so you must do things the "old way" and how the "old" cumbersome approval processes must be followed-or else. Also-the GC is often unavailable because she is preparing to leave for a vacation or on a lengthy vacation in Europe or Hawaii etc or just returning from a lengthy vacation-so even if you are persistent enough to keep trying to get new ideas implemented-you have a very limited window of GC availability and if you do get to see her the meeting will be unpleasant OR she will farm out new ideas to be reviewed by expensive outside counsel and they are billing by the hour and have no interest in approving things quickly.

    Advice to ManagementAdvice

    Continue your great initial employee experience by limiting the review and approvals allowed by the GCs office. Insist that when employees bring new ideas to the GCs office they don't have to wait for her long executive vacations to conclude and that there is genuine interest and support in hearing about and implementing new ideas and processes.

  3.  

    I don't see why people think this is such a great place to work. They're a ship lacking direction and sinking fast.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee in Sunnyvale, CA
    Former Employee - Anonymous Employee in Sunnyvale, CA

    I worked at Financial Engines full-time (more than 3 years)

    Pros

    A new CEO who actually might make a difference. Relatively nice new office but its work space configuration is whack and makes it hard to get anything done. Some nice, dedicated, hardworking people.

    Cons

    Executive and senior management turnover however getting rid of the old CEO was a huge plus. Their "vision" was all over the map. Legal department was extremely difficult to work with. Marketing was a joke - full of bozos from top to bottom. HR was worse. Growing too fast without enough people to get the work done. They claim they're all about work life balance but that wasn't my experience. They are subtly forcing out the old timers to bring in younger, cheaper employees. No real career advancement opportunities.

    Advice to ManagementAdvice

    Executive management needs to get on the same page - about everything. Can everyone in HR and legal.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
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  5. 1 person found this helpful  

    Average place but not good as Bay Area Culture !

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Engineer in Sunnyvale, CA
    Current Employee - Engineer in Sunnyvale, CA

    I have been working at Financial Engines full-time (less than a year)

    Pros

    Good Place to work as they have good benefits.

    Cons

    Work Place rule by old employees and they do not want to move forward with new technologies or new people.

    Advice to ManagementAdvice

    Make proper structure for new employees

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  6. 1 person found this helpful  

    Not a place for you if you want to think about how to get your work done

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Financial Engines full-time (more than 3 years)

    Pros

    Flexible hour, free beverage, lots of food

    Cons

    management issue, old school thoughts and manual process everywhere

    Advice to ManagementAdvice

    Please train management to allow employees to think how they want to get their work done. There is more than one way to get the work done.

    Doesn't Recommend
    Negative Outlook
  7.  

    A lot of friction at first, but ended up with a good career

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in Sunnyvale, CA
    Current Employee - Anonymous Employee in Sunnyvale, CA

    I have been working at Financial Engines full-time (more than a year)

    Pros

    Nice, friendly, helpful people - "help" is a core aspect of the culture and is taken seriously
    Good PTO and benefits
    Laid back office culture
    I got lucky and was able to get a promotion after a year which put my higher education (Masters) to good use.

    Cons

    Below market comp (at least in Technology) - it definitely feels like we are not staying competitive in the "talent arms race"
    Lots of meetings and then meetings to recap what was discussed in meetings. I understand broad communication is a tenet of Agile, but I go to work to get work done! It's hard to be a 5'xer here let alone a 10'xer if 25-50% of your time is spent in meetings.
    Single-minded focus on getting JUnit failures to 0% instead of seeing the bigger picture from a QA standpoint.

    Advice to ManagementAdvice

    Bump compensation but also demand a high-performance culture. Cut down on meetings and give people the time and freedom to use their creative juices in order to accomplish this. Google, FB, etc do pay a lot but also have expectations to match.

    Recommends
    Neutral Outlook
    Approves of CEO
  8.  

    Nice Place

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Intern - Software Intern in San Jose, CA
    Current Intern - Software Intern in San Jose, CA

    I have been working at Financial Engines as an intern (more than a year)

    Pros

    This is the good place to work

    Cons

    Work is challenging. you dont work in comfort zone.

    Advice to ManagementAdvice

    THey are nice. :

    Recommends
    Approves of CEO
  9. 2 people found this helpful  

    Good Company Poor Management

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Service Delivery Analyst in Phoenix, AZ
    Former Employee - Service Delivery Analyst in Phoenix, AZ

    I worked at Financial Engines full-time (more than 3 years)

    Pros

    Great workspace, free snacks and drinks and great work life balance with lots of perks.

    Cons

    Management isn't properly trained or skilled enough to lead team. They are not good leaders. Concerns and complaints from employees are ignored as a result issues continue to happen and the employees are left to pick up pieces. They have a habit of putting temporary band aids on problems and moving to the next big project.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  10. 1 person found this helpful  

    Is the Engine Running Out Of Gas?

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Financial Engines full-time (more than 10 years)

    Pros

    The company continues to be a fast growing firm that is continually expanding it's customer and sponsor client base. They have done and are doing great things for the average investor. The culture is an "aggressive" sales culture where you sink or swim within the first 90 days. Resources and tools available to employees are adequate

    Cons

    Senior management expresses the desire to listen to employee feedback but when feedback is provided it is often ignored. Many of the mid level marketing managers are not knowledgable about the actual operations of a financial services business and the business is very silo orientated with minimal coordination between departments. Company went on a hiring binge for marketing and customer experience staff but has mostly overlooked advisors.

    Advice to ManagementAdvice

    Really focus on the participant and the value of the advisor as opposed to the "black box" of investment methodology and technology. Pay close attention to the new "robo advisors" - remember IBM and Microsoft... IBM never saw it coming.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  11.  

    Worked in Boston -- Great place to work with good pay in Sales

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Sales in Boston, MA
    Former Employee - Sales in Boston, MA

    I worked at Financial Engines full-time (more than 3 years)

    Pros

    I worked in Sales and highly respected upper management. Great group with a great work environment. Unfortunately they were running out of prospects due to the fact we were only competitive in the Jumbo market. Very good pay with great work/life balance. Understood people have family's

    Cons

    Company wont build a product for the Mid - Markets. The way the offering is set up it is only competitive in the Jumbo market.

    Office culture was very positive with great people

    Advice to ManagementAdvice

    Build a mid - market offering and expand sales force again.

    Build an app for Iphone's

    Recommends
    Positive Outlook
    Approves of CEO

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